Mutual fund assets soar 42% to Rs 17.5 trillion in FY17

Friday, April 14, 2017, 11:24 AM

The assets under management (AUM) of the MF industry saw an exceptional growth of 42% at Rs.17.5 trillion in fiscal 2017 from Rs.12.3 trillion a year ago, says a report.The quarterly average assets under management also registered a quarter-on-quarter growth of 8% in the March quarter, rating agency ICRA said quoting the data collated by the industry lobby Association of Mutual Funds in India.